Examples of Applicable Rules in a sentence
Notwithstanding anything to the contrary herein, the Company shall not be required to recoup Erroneously Awarded Compensation under this Policy if the Compensation Committee of the Board, or in the absence of such a committee, a majority of the independent directors serving on the Board, has determined that recovery would be impracticable in accordance with the Applicable Rules and subject to the procedural and disclosure requirements in the Applicable Rules.
To the extent of any inconsistency between this Policy and any of the Applicable Rules, the Applicable Rules shall control, and this Policy shall be deemed amended to incorporate such Applicable Rules unless the Committee shall expressly determine otherwise.
In connection with the foregoing, the Committee, which may act in conjunction with the Company’s Audit Committee, shall take all such actions required by this Policy and the Applicable Rules.